Ken Hannah joins J.C. Penney as CEO

Friday, 04 May 2012

J.C. Penney has announced that Ken Hannah has been named chief financial officer effective May 7. Hannah will be a member of the company's executive team and will report to Chief Operating Officer Mike Kramer.

Hannah, 43, brings over 20 years of finance, operations and audit experience from a wide range of leading companies that include General Electric, Boeing and The Home Depot. He has spent the last six years at MEMC Electronic Materials, where he served as president of solar energy, responsible for improving process discipline, simplifying the organization and reducing cost to drive growth in the company's solar business. Before his current position, he was chief financial officer of MEMC, where he was responsible for the leadership of all finance-related functions. Previously, he served in positions of increasing responsibility at The Home Depot, including senior vice president of finance, providing leadership in store operations and supply chain for the $70 billion home improvement retailer. Prior to that, Hannah held the positions of vice president of corporate audit staff and vice president of financial planning and analysis at The Boeing Company. He also worked in a variety of finance positions with General Electric Company and at McDonnell Douglas Corporation.

Founded over 110 years ago, James Cash Penney founded this Texas-based company. Today J.C. Penney has 1,100 stores.